Most overheated rental markets in New Mexico
Cities in New Mexico renting furthest above their own 10-year trend, ranked by Rent Reality Score. Updated monthly.
Key findings
- Hobbs ranks first, with a Rent Reality Score of 43.
- Across all 10 cities on this list, the median rent is $1,533/mo.
Data as of September 2026. RentDataNow's Rent Reality Score compares each city's current rent with its own 10-year trend. High-confidence trends only. Updated monthly. Download this list (CSV)
Best value (RRS)Overheated (RRS)Most affordableMost expensiveRent fallingRent risingBest rent/incomeMost rent-burdenedRecord-high rentSeasonal swingsRent vs. income
10 cities
| Rank | City | Score | Median rent | Vs. trend | 1-yr change |
|---|---|---|---|---|---|
| 01 | HobbsNM | 43 | $1,484/mo | +3.5% | +9.9% |
| 02 | RoswellNM | 44 | $1,263/mo | +3.2% | +8.7% |
| 03 | ClovisNM | 50 | $1,315/mo | +0.0% | +4.7% |
| 04 | AlamogordoNM | 54 | $1,533/mo | -2.1% | +4.9% |
| 05 | FarmingtonNM | 56 | $1,535/mo | -2.8% | +3.5% |
| 06 | Los LunasNM | 59 | $2,040/mo | -4.3% | +1.6% |
| 07 | Rio RanchoNM | 62 | $1,867/mo | -6.1% | +2.3% |
| 08 | Las CrucesNM | 64 | $1,439/mo | -6.9% | +1.8% |
| 09 | AlbuquerqueNM | 67 | $1,452/mo | -8.3% | +1.5% |
| 10 | Santa FeNM | 80 | $1,956/mo | -15.0% | +0.5% |